MARKET WRAP: Sensex up 266 pts as financials, auto stocks rally

n the broader market, the S&P BSE Mid-Cap closed 80 points, or 0.56 per cent, higher at 14,495 levels. Similarly, the S&P BSE Small-Cap settled 56 points, or 0.41 per cent, higher at 13,755 levels.

3:41 PM

Sectoral gainers and losers on the NSE

3:41 PM

Top gainers and losers on the S&P BSE Sensex

3:35 PM

CLOSING BELL

The S&P BSE Sensex gained 266 points or 0.69 per cent to settle at 38,823 while the Nifty50 index of the National Stock Exchange (NSE) ended at 11,583, up 84 points or 0.73 per cent. 

3:03 PM

NEWS ALERT | SBICAP acquires 6.14% stake in Navkar Corp via pledge encumbrance on July 6

3:01 PM

NEWS ALERT | CCL Products Q1 results

-- Consolidated net profit down 12.1 per cent YoY at Rs 34.7 cr
 

- Revenue down 7.2 per cent YoY at Rs 273.2 cr
 

2:57 PM

SBI, ONGC to lead Nifty earnings growth in June quarter: Morgan Stanley

As India Inc prepares to report its April-June 2019 quarter numbers for financial year 2019-20 (Q1FY20), analysts at Morgan Stanley expect the financial sector to lead earnings growth. For the recently concluded quarter, they peg the earnings growth for the companies they cover (ex-financials) to fall 4 per cent year-on-year (YoY), but rise 29 per cent YoY if the oil PSUs are excluded from the aggregate. READ MORE

2:57 PM

NEWS ALERT | Steel Strips gets order worth $3.5 m in US

2:54 PM

NEWS ALERT | SBICAP, MFs, PFs & Kapil Wadhawan attended meeting: CNBC TV18

2:53 PM

NEWS ALERT | Lenders give DHFL 7 days to present resolution plan: sources to CNBC TV18

2:49 PM

Broader market check

2:43 PM

India Inc's FDI down over two times to $820 million in June, shows RBI data

India Inc's foreign direct investment in June fell by over two times from a year ago to $820.36 million, data from the Reserve Bank of India showed Wednesday.

 

The outward foreign direct investment (OFDI) by the Indian firms stood at $2.29 billion in the year-ago same month, according to the RBI data on OFDI.

 

In May, the Indian firms had invested over $1.56 billion in their overseas ventures. READ MORE

2:42 PM

SEBI to probe if IndiGo CEO downplayed promoters' tiff

India’s market regulator is probing whether InterGlobe Aviation Ltd Chief Executive Officer Ronojoy Dutta downplayed the tussle between the promoters of the country’s largest carrier IndiGo, ET Now reported on Thursday, citing sources. The spat between co-founders and promoters Rakesh Gangwal and Rahul Bhatia escalated after Gangwal on Tuesday alleged violations of corporate governance rules at the parent group and asked the Securities and Exchange Board of India (SEBI) to intervene. (Reuters)

2:41 PM

Oil check

Source: oilprice.com

2:37 PM

BEML gains over 7%

2:36 PM

Sudden surge in Dish TV, stock up over 11%

2:29 PM

NEWS ALERT | Fitch affirms Glenmark long-term issuer rating at BB

2:29 PM

Market check | Nifty approaches 11,600

2:28 PM

Market check | Sensex trading at day's high

2:26 PM

Investors may find it hard to dodge India's plan to tax the super rich

With frightened investors wiping off Rs 2.9 trillion ($42 billion) from the benchmark S&P BSE Sensex since the budget on July 5 through Wednesday, tax officials have suggested that global funds convert themselves from trusts -- a structure followed by several foreign funds that invest in India -- to corporates as a way to avoid paying the higher surcharge. READ MORE

2:17 PM

NEWS ALERT | CARE Ratings reaffirms A1+ rating for BHEL's commercial paper of Rs 8,000 cr: CNBC TV18

2:12 PM

NEWS ALERT | Supreme Court adjourns hearing on Jaypee Infra to July 18: BTVi

-- SC says, let the NCLAT procedures continue, do not want to bypass it

-- Can exercise powers under xection 142 if NCLAT passes adverse order

2:08 PM

NEWS ALERT | Reliance Power’s Samalkot Project recasts Rs 2,430 cr loan from US-EXIM

2:00 PM

Market check

1:59 PM

Market check

1:58 PM

NEWS ALERT | CARE Ratings revises Dish TV's banking facilities to A3+ from A3

1:54 PM

NEWS ALERT| Rel Infra signs inter-creditor agreement with 16 lenders: CNBC TV18

-- Achieves standstill for 180 days as the per inter-creditor agreement

1:38 PM

Auto stocks gain

COMPANY	LATEST(rs)	CHG(rs)	CHG(%)	VOLUME
TATA MOTORS	156.00	4.60	3.04	1059147
ASHOK LEYLAND	84.55	-0.25	-0.29	611206
TATA MOTORS-DVR	75.25	2.15	2.94	165585
ESCORTS	544.50	7.25	1.35	77369
MARUTI SUZUKI	6012.00	83.30	1.41	33472

1:31 PM

Finance ministry may look into tax regime of employee stock ownership plan

The government will review the taxation regime of employess stock ownership plans (Esops). Esop is a compensation tool for employees and a review is underway to address the effectiveness of the instrument, reported Economic Times. The review will not be confined to startups.  The stock option is an instrument used for compensation or to retain talent in the company. The DPIIT had pushed for making Esops in startups taxable only at the time of sale. READ MORE

1:23 PM

Stocks that hit 52-week low on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
AJANTA PHARMA	888.75	875.00	-21.75	-2.39
ASAHI INDIA GLAS	202.80	200.00	-7.20	-3.43
BLUE DART EXP.	2607.00	2581.70	3.80	0.15
C P C L	182.00	176.05	-0.80	-0.44
CARE RATINGS	874.65	871.00	-14.65	-1.65

1:12 PM

DHFL off day's low, surges 6%